IBD Editorials

As Obama Crows, Real Story Is 10.5 Mil Jobs Deficit

Jobs: Of course it's good news that 243,000 new jobs were created in January,
shaving the unemployment rate to 8.3%. But thanks to massive policy
errors by the White House, we're still way below where we should be.

President Obama, speaking in Arlington, Va., immediately took credit
for the bullish report, crowing that "altogether, we've added 3.7
million new jobs over the last 23 months."

The president went on to say: "We can't go back to the policies that
led to the recession. And we can't let Washington stand in the way of
our recovery."

"Our" recovery? And "We can't go back to the policies that led to the
recession"? The cause of the recession was, in fact, housing policies
put in place by President Clinton and aggressively supported by
Democrats in Congress, including former Sen. Barack Obama.

How soon we forget. These were the policies that led to the housing
meltdown, the financial crisis and, ultimately, the deep recession we're
still climbing out of.

Yet Obama's "blame Bush" theme will be the Democrats' strategy for the 2012 campaign. So get used to it.

Truth is, by now we should have created millions more jobs than we
have. But Obama's $836 billion stimulus, his botched industry bailouts,
his failed "green" energy policies, his regulatory siege on business,
and his disastrous attacks on Wall Street and entrepreneurs have made
this the worst recovery in history.

The recovery began in June 2009, just months after Obama took office and before his stimulus took effect.

According
to data from the Federal Reserve Bank of Minneapolis, the economy is
just 0.7% above its previous high. Usually at this point in an
expansion, it's 13.5% above the last peak. In other words, thanks to
Obama's policies, we're missing about $1.8 trillion in GDP — or roughly
$5,760 for every man, woman and child.

Far worse for most Americans is the jobs depression that has
accompanied Obamanomics. As the chart shows, we've suffered a jobs
implosion greater than any since World War II.

Obama likes to blame his predecessor for this. And true enough, 4.4
million jobs disappeared during the 2007-08 panic. But after Obama took
office, an additional 4.3 million jobs disappeared. So when Obama says
"we've added 3.7 million new jobs," he's not giving you the full story.

We are still 5.6 million jobs below where we were at the peak in
2007. Add to that the 4.9 million new jobs that would have had to be
created just to soak up new entrants into the workforce, and all told we
have a jobs deficit of 10.5 million.

As for the 8.3% jobless rate, remember this: The month he entered
office, Obama's advisers vowed unemployment would remain below 8% if we
passed his stimulus. Congress did as he asked, and unemployment promptly
surged above 10%.

The 8.3% number is a mirage. In fact, unemployment rate is declining
in large part because millions of people have given up hope and left the
workforce. Last month alone, they totaled 1.2 million.

Since Obama took office, 4.7 million people have stopped looking for
work. Add them in, and the real unemployment rate suddenly doesn't look
so good: 11%.

And when you add up the 12.7 million unemployed, the 4.7 million no
longer looking for work and the 10.5 million who can't find full-time
positions, that's 28 million people — for a jobless rate of 17%.

You had to mention crow. THAT is way too easy. Obamass is feeding his typical spin and outright lies to a brainwashed constituency who are still patting themselves on the back for electing a black man. With all of the intelligent and savvy black men and women out there who were available, why this Liar-in-Chief was able to con so many people just proves with enough money you can sell a pig's ear like this arrogant and totally self-absorbed, anti-American bum to the masses.

First President to apply for college aid as aforeign student, then deny he was a foreigner.

First President tohave a social security number from a state he has never livedin.

First President to preside over a cut to the creditrating of the United States .

First President to violate theWar Powers Act.

First President to be held in contempt ofcourt for illegally obstructing oil drilling in the Gulf of Mexico.

First President to defy a Federal Judges court order tocease implementing the Health Care Reform Law.

FirstPresident to require all Americans to purchase a product from a thirdparty.

First President to spend a trillion dollars onshovel-ready jobs and later admit there was no such thing as shovel-readyjobs.

First President to abrogate bankruptcy law to turn overcontrol of companies to his union supporters.

First Presidentto by-pass Congress and implement the Dream Act through executivefiat.

First President to order a secret amnesty program thatstopped the deportation of illegal immigrants across the U.S. , includingthose with criminal convictions.

First President to demand acompany hand-over $20 billion to one of his politicalappointees.

First President to terminate Americas ability toput a man in space.

First President to encourage racialdiscrimination and int...

READ THEM ALLAND REMEMBER!*

First President to apply for college aid as aforeign student, then deny he was a foreigner.

First President tohave a social security number from a state he has never livedin.

First President to preside over a cut to the creditrating of the United States .

First President to violate theWar Powers Act.

First President to be held in contempt ofcourt for illegally obstructing oil drilling in the Gulf of Mexico.

First President to defy a Federal Judges court order tocease implementing the Health Care Reform Law.

FirstPresident to require all Americans to purchase a product from a thirdparty.

First President to spend a trillion dollars onshovel-ready jobs and later admit there was no such thing as shovel-readyjobs.

First President to abrogate bankruptcy law to turn overcontrol of companies to his union supporters.

First Presidentto by-pass Congress and implement the Dream Act through executivefiat.

First President to order a secret amnesty program thatstopped the deportation of illegal immigrants across the U.S. , includingthose with criminal convictions.

First President to demand acompany hand-over $20 billion to one of his politicalappointees.

First President to terminate Americas ability toput a man in space.

First President to encourage racialdiscrimination and intimidation at polling places.

First President to have a law signed byan auto-pen without being present.

First President toarbitrarily declare an existing law unconstitutional and refuse to enforceit.

First President to threaten insurance companies if theypublicly speak-out on the reasons for their rateincreases.

First President to tell a major manufacturingcompany in which state they are allowed to locate afactory.

First President to file lawsuits against the stateshe swore an oath to protect (AZ, WI, OH, IN)

First Presidentto withdraw an existing coal permit that had been properly issued yearsago.

First President to fire an inspector general ofAmeri-corps for catching one of his friends in a corruptioncase.

First President to appoint 45 Czars to replace electedofficials in his office.

First President to golf 73 separatetimes in his first two and a half years in office.

FirstPresident to hide his medical, educational and travelrecords.

First President to win a Nobel Peace Prize for doingNOTHING to earn it.

First President to coddle Americanenemies while alienating Americas allies.

First President topublicly bow to Americas enemies while refusing to salute the U.S.Flag.

First President to go on multiple global apologytours.

First President to go on 17 lavish vacations,including date nights and Wednesday evening White House parties for hisfriends, paid for by the taxpayer.

First President to refuseto wear the U.S. Flag lapel pin.

First President to have 22personal servants (taxpayer funded) for his wife.

FirstPresident to keep a dog trainer on retainer for $102,000.00 a year attaxpayer expense.

First President to repeat the Holy Qur'an tellsus, and openly admit that to him, the early morning call of the Azan(Islamic call to worship) is the most beautiful sound onearth.

First President to take a 17 day vacation.

Rememberthat after 32 months of Obama White House we the people have accumulatednational debt more than 27 times as fast as during the rest of ournation's entire history, as the Obama's plan their next extravagantvacation to the Indonesian Island nation of Bali.

These far right wingers folks are a total trip. They will blame Obama for anything that goes wrong, but the positive things that happens to help this economy they're afraid to admit and give him the credit he deserves. For instants, the bounce back of the auto companies- far right hated it, The take down of Bin Laden and a few more - far right hated it, Unemployment dropping to 8.3 not all that good but better - far right hated it, If Obama got this country running back up at a 100% - far right would hate it. Them being like that is why I believe it is more about Obama than his policies.

I don't believe Obama is a socialist, but I do know that most republicans are far more worst, they're very unpatriotic, and they don't care about the people, well, maybe if you're rich they may show you some love.

Obama isn't a socialist?His father was a Marxist; his mother was known as a "fellow traveler" (meaning someone who agrees with communists); "mentor" in his teens he named in his book, Frank, turned out to be Frank Marshall, a card-carrying member of the Communist Party USA at a time they took orders from Moscow; the woman who preceeded him in his Illinois state senator seat, and who endorsed him when she left to run for the U.S. House of Representatives, Alice Palmer, was a Communist who attended the Communist Party congress in Moscow; "the best education I ever got" (Obama's words) was his training in the methods of the radical socialist Saul Alinsky as a community organizer; he was claimed by the "New Party" of Chicago, a party formed by former members of the Socialist Party USA, as one of its own.

Why, because I recognize a Socialist President when I see one? I have not had a party affiliation for many years, and I even used to vote for Democrats, but then you were taken over by Socialists...end of story.

The take down of bin Laden was due almost exclusively to intelligence obtained by the Bush administration's "harsh interrogation techniques", for which Obama's A.G., Eric Holder, threatened to prosecuted the CIA officers involved.

In case you can't understand plain English, I'll say it again - if it weren't for the Bush administration's "enhanced interrogation techniques", for which the Obama administration threatened to prosecute the CIA officers involved, Osama bin Laden would never have been found and killed - even Obama's CIA head at the time, Leon Panetta, admitted that fact. Draw your own conclusions as to whom you want to give credit to.http://www.telegraph.co.uk/ne...

Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore.

In reality, the percentage of men and women in the United States that would like to have jobs is almost certainly about the same as it was back in 2007 or 2008. There has been no major social change that would cause large numbers of men or women to want to give up their careers. So there is something very, very fishy with this chart....

The federal government has been pretending that millions of unemployed Americans have decided that they simply do not want jobs anymore.

Great points! That point is also made in the IBD editorial - the alleged decrease in the unemployment rate is due to fewer workers looking for jobs, it is not due to all of the new jobs Obama's brilliant policies are creating.

No, Obama is NOT better than Romney, because Obama is a Marxist that will end the country we know and love, and turn it into a Socialist hellhole. Romney has his faults, but none come even close to being somebody like Obama who will purposefully bury us in debt even up to the point of economic collapse, and make as many citizens as possible dependent on the government (so that they can control those dependents).